Apollo Tyres Limited — Important, 05-12-2024: Updates

Apollo Tyres Ltd. has set December 6, 2024, as the cut-off date for eligible shareholders to receive notice regarding the upcoming postal ballot concerning the proposed issuance of Non-Convertible Debentures (NCDs) amounting to ₹1,000 crore, intended for raising funds in one or more tranches. This initiative is aligned with the borrowing limits sanctioned by shareholders under relevant sections of the Companies Act. Investors should monitor this development closely, as it may impact the company's capital structure and financial strategy in the near future.